Tag: debt

The latest reports from credit agency Equifax Canada have revealed a disturbing new tren. Not only are Millennials racking up ever-higher amounts of debt, they’re having an increasingly harder time making payments. Call it juvenile delinquency. Compared to this time last year, delinquencies among Canadians aged 18 to 25 rose by 11.7%, and nearly one in five describe themselves as being in “debt hardship.” Delinquency rates also spiked among the 26- to 35-year-old age group as well, by 9.7%. In … Continue reading “Why Is Debt So Difficult for Young Canadians Today?”